Fiat open to Chrysler IPO if finds no solution to buy stake

Newswire

MILAN, Jan 30 (Reuters) - Fiat Chief Executive
Sergio Marchionne said the Italian automaker is open to an
initial public offering of its U.S. unit Chrysler if it is
unable to buy the remaining 41 percent of the company directly
from the minority shareholder.
The minority owner, a United Auto Workers union retiree
healthcare trust, demanded that Chrysler register 16.6 percent
of company shares with the U.S. Securities and Exchange
Commission earlier this month.
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